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Wednesday, May 9, 2012

Reuters Money: Amid student loan tussles, more seek "forgiveness"

Reuters » Money 2012
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05/9/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Amid student loan tussles, more seek "forgiveness"
WASHINGTON (Reuters) - Elbot Carman, a 25-year-old aspiring graphic designer, made so little money after earning his master's degree last year that the U.S. government now says he can hold off making payments on his school loans.
Feature: European start-ups court crowds for cash
PARIS (Reuters) - When Vincent and Heloise opened a mash eatery in Strasbourg, they had a feeling their unusual concept could thrive elsewhere in France. But one thing was painfully missing: cash.
Catch the moving target of airfare pricing
(Reuters) - When you're shopping for an airline ticket, it can seem like you are aiming at a moving target. You see an ad for prices that start at a certain fare, but you can't seem to get your ticket to go that low. It's not your imagination: The target is moving.
Analysis: With Green Mountain, one analyst had it right
NEW YORK (Reuters) - Long before David Einhorn raised red flags about Green Mountain, a little-known analyst from a St. Louis-based brokerage firm had already flashed warnings.
Uncle Sam gives workplace Roths a big push
CHICAGO (Reuters) - Roth workplace accounts, which have grown more popular in recent years, are about to get a shot in the arm from Uncle Sam. This week the federal government started rolling out a Roth option to 3.3 million employees who participate in its main retirement program.
Bankruptcy may be best option for Ally's mortgage unit
May 8 (IFR) - If the mortgage unit of loan giant Ally Financial files for bankruptcy this weekend as expected, there will be one immediate reason -- the company could default on $1bn of debt on Monday.
Prices soar, records tumble at Christie's post-war auction
NEW YORK (Reuters) - A Mark Rothko 1961 oil painting set a new auction record for post-war art on Tuesday, soaring to $87 million, while works by Gerhard Richter, Jackson Pollock, Yves Klein and Alexander Calder smashed artists' records at Christie's blockbuster sale that achieved the highest-ever total for post-war art.
Hedge funds may be allowed direct access to China markets
SHANGHAI/HONG KONG (Reuters) - A proposed plan by China's regulators could allow hedge funds, for the first time, to directly trade in mainland stocks and bonds, opening up one of Asia's biggest capital markets to the $2 trillion industry.
Analysis: Public pension fixes face stout legal challenges
SAN FRANCISCO/WASHINGTON (Reuters) - Public employees in San Jose, California's third-largest city, are gearing up for a marathon court battle if local voters approve a measure in June to overhaul the city's pension system.
Green Mountain plunges as single-serve coffee growth slows
(Reuters) - Shares of Green Mountain Coffee Roasters Inc plunged more than 40 percent after the single-serve coffee company slashed its full-year sales outlook and warned that its scorching growth was beginning to cool off.
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